Sri Lanka rupee opens weaker, bond yields ease
Apr 18, 2019 10:13 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee opened weaker at 174.55/60 to the US dollar in the spot market on Thursday, while bond yields eased, dealers said.
The rupee had closed at 174.45/60 to the US dollar in the spot market on Wednesday.
At the Colombo Stock Exchange, the ASPI was down 0.11 percent or 5.95 points to 5,597.40 in the first hour of trading, while the more liquid S&P SL20 Index was up 0.03 percent or 0.87 points to 2,716.53.
Market turnover was 38.7 million rupees, with 18 stocks up and 35 down.
Commercial Bank was trading 90 cents lower at 96.10 rupees a share, while John Keells Holdings was trading 50 cents lower at 152 rupees a share, contributing to the ASPI fall.
East West Properties was trading 30 cents higher at 19.60 rupees a share.
The bond market was active, with yields continuing to ease due to sentiment from Tuesday's weekly bill auction when rates fell, dealers said.
Twelve month bills were quoted at 9.70/80 percent on Thursday, unchanged from Wednesday.
A bond maturing on 15.12.2021 was quoted at 10.15/20 percent, down from 10.17/23 percent.
A bond maturing on 15.03.2022 was quoted at 10.36/38 percent, down from 10.40/44 percent.
A bond maturing on 15.03.2024 was quoted at 10.70/73 percent, stable from 10.70/75 percent.
A bond maturing on 15.06.2027 was quoted at 11.00/05 percent, down from 11.03/08 percent.
A bond maturing on 01.05.2029 was quoted at 11.10/15 percent on Thursday, unchanged from Wednesday. (Colombo/Apr18/2019-SB)